Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors who is an avid Bitcoin bull has now increased his Bitcoin price target from $100,000 to $125,000 despite a recent bizarre turnaround by Elon Musk. Musk has recently closed the Bitcoin payment gateway for Tesla cars just a month after availing the
Leading analysts Thomas Lee and Tone Vays have extended their bullish targets beyond $50,000 as far as 2022. Recently, Fundstrat Global Advisors LLC’s Tom Lee also explains how the price will rise along with the cut-off of Bitcoin price before the SEC can provide a green signal to Bitcoin ETF. Bitcoin [BTC] bullish momentum seems
Bitcoin [BTC] has continued to trade above $11,500 with traders turning more bullish than ever. Analysts are attributing the US-China Trade war as a prominent reason. Nevertheless, apart from the rising tension, there are a couple of internal factors which seems to be influencing the rise. Brian Kelly, the Founder & CEO of BKCM LLC, noted
Bitcoin [BTC] broke above $11,500 as the bullish momentum in it continued above $10,500 during early Eastern trading sessions. It gained around 6.85%, adding about $600 to its price. The price of Bitcoin [BTC] at 3: 15 hours UTC on 5th August is $11,563. It tested a high at $11,676. The break was significant from
In the past ten years, the market capitalization of Bitcoin [BTC] has risen from about $70 billion in April to $200 billion in just about three months. The rise has been mostly attributed to increasing institutional interest and Facebook’s cryptocurrency announcement, which seems to have validated the cryptocurrency markets, especially Bitcoin. Furthermore, Bitcoin is the
Bitcoin pulled back to $8000 briefly after touching the $9000 mark. The movement began with a swift move up and then the break downwards. However, the price found support near $8300 instantly as well. $8300 was the earlier break-away point for Bitcoin. Furthermore, Bitcoin [BTC] broke above $8550 on the following day as well, which
The CEO and Co-Founder of BitMEX Arthur Hayes say the bull market for Bitcoin is real, despite the current stagnation under $8,000. He said Bitcoin may have to dip below $7,000 before a bounce back to $8,000 will be experienced and then Bitcoin will go higher from there. Tom Lee agrees Fundstrat’s head of research
Bitcoin’s massive gain this year has again brought the innovative asset in the purview of mainstream media. The news of Bitcoin’s price breaking $8000 with more than 100% gains has had many financial experts weighing in on it. Moreover, Bitcoin is not an entirely unregulated asset as it was in 2017, Bitcoin Futures contracts are
Although the market isn’t performing the all-time high figures, famous analyst, Thomas Lee believes this is the end of crypto winter. Nevertheless, he thinks ‘Bitcoin is back’ and predicts the next Bull Run by next year, 2020. Crypto Winter is Over In the latest talk with CNBC, Lee, who is the managing partner and head
Funstrat is an independent Research firm based in New York. Thomas Lee, a data science research analyst and Co-founder of the firm recently suggested that Bitcoin and altcoins look to be set up for huge gains consistent with or even higher than 2017 returns. Fundstrat Research: Bitcoin’s Minery Index Bitcoin’s Misery Index (BMI) is a
Crypto markets are in the mood of their own and as one thinks the floor is reached, the markets plunge again. With markets collapsing without an actual change in the fundamentals of Bitcoin and other major cryptocurrencies, all discussion has now moved to one question – “What is the fair value of Bitcoin”. Recently Michael
A prominent crypto analyst who once targeted Bitcoin to reach $25000 by end 2018 is lowering his prediction to $15000. Bitcoin’s latest bearish run has led investors to see the worse sentiment of the crypto market. Bitcoin To Reach $15000, Lee However, Tom Lee, a co-founder of Fundstrat Global Advisors is betting on a recovery.
Tom Lee has been friends of cryptocurrencies and is often quoted speaking positivize about any news that hits the crypto street. In one of the rare occasions, Tom Lee doesn’t seem to be pleased with the news of CBOE announcing Ethereum futures as he believes this move could bring down ETH price in spot markets.
Wall Street bull Tom Lee said that he believes that Bitcoin is the best bet for investors in the cryptocurrency markets and believes there is a huge potential for it to grow despite the Wall Street Journal report on the “Pump and Dump” schemes that are currently existent in the cryptocurrency exchanges. Tom Lee says